Timothy Puhr joins the Aibel Group as head of internal audit

London, UK, 22 January, 2008

Aibel Group Ltd has announced that Timothy Puhr is joining the company as head of internal audit. He will be based at the company’s London office and report to Aibel’s Audit Committee.

Puhr brings to Aibel relevant experience of the highest caliber from a career in accounting and auditing spanning over 30 years. He joins from Deloitte Touche Tohmatsu, one of the world’s largest public accounting firms, where he for three years was the practice leader of their Enterprise Risk Services practice in Norway and Sweden and since 2003 headed the internal audit practice at their Denver office. Until 2000 he was senior vice president internal audit at Fortune 500 Company Norsk Hydro. In a tenure that lasted 14 years, he transformed the focus of internal audit from financial auditing to risk-oriented operational auditing. In addition Puhr is actively involved with the development of internal audit methodology and technology tools as well as enterprise risk consulting and corporate governance services.

As Jim Gunderson, Chair of the Audit Committee comments: “Timothy’s background and experience is tailor made for us. We are delighted to have attracted him onboard at a time when state-of-the-art governance, compliance and internal controls are more in focus than ever before. Not only will he play a vital role in view of our high standards for compliance including internal controls and business ethics, but he also has a wealth of experience from the oil and gas industry. It’s difficult to imagine a better fit.”

 

For more information, contact:

Ola Bøsterud
Senior Vice President Marketing and Communications
Aibel AS
Tel: +47 85 27 26 78
Mob: +47 909 54 743
E-mail: ola.bosterud@aibel.com

 

Aibel (www.aibel.com) is a leading provider of products and services to the upstream oil and gas industry.

We provide production facilities, process systems, technology and products and, on behalf of our oil company, ship owner and field operator customers, we maintain, operate and modify on- and offshore facilities around the world. Our involvement in a project from day one ensures maximum optimization, right along the value chain.

A multicultural company with over 100 years of industry experience and more than 7,000 professionals, our dedication to meeting our customers’ needs is matched only by our equal commitment to innovation, integrity, safety and environmental sustainability.

 

Published 2008-01-22, 08:00 CET Updated 2011-01-19, 14:55 CET

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